HKMA tightens housing rules as ‘buoyancy’ returns
Norman Chan points to ‘notable increases in prices and transaction volume’
In the face of renewed signs of overheating in the property market, the Hong Kong Monetary Authority (HKMA) today tightened its macro-prudential policies in the sector.
As part of its package of measures, it has lowered the maximum loan-to-value (LTV) ratio for self-use residential properties worth less than HK$7 million ($900,000) from 70% to 60%.
"The property market in Hong Kong became buoyant again in the second half of 2014, with notable increases in prices and transaction volume
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